Germany doesn't see need for decision on bank tie-up by end May: source

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FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) - The German government does not see the need for a decision on a possible merger between Germany’s two largest banks by the end of May, a government source said on Friday.

The source, speaking on condition of anonymity, was distancing the government from a report earlier on Friday from WirtschaftsWoche.

The magazine reported that a decision on a tie-up between Deutsche Bank and Commerzbank should be made before European Parliament elections at the end of May.